Enav signs ESG loans as airline sector gets dire warning

Hainan Airlines_575px_adobe_26Aug20
By Mike Turner
30 Oct 2020

Enav, the Italian air navigation company, has signed €150m of sustainability-linked loans, as a rise in coronavirus cases globally has heaped even more pressure on the airline industry’s outlook for next year.

Enav has signed a €100m loan from Intesa Sanpaolo and a €50m line from Mediobanca. 

Both lines have three year maturities and have a margin linked to the borrower’s performance on environmental, social and governance metrics. 

It comes as the company said it will “increasingly consolidate sustainability as a strategic ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial